Why 5000 employees left TCS?

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The headcount of India's largest software company shrank despite a gross addition of staff. According to Hindustan Times, in the latest quarter TCS added a total of 2,828 employees with the total headcount of 1,43,761 at the start of the quarter. According to a site, if the new hires are taken into consideration, the total employees strength should have reached 1,46,589 by the end of June. However, the firm's headcount was 1,41,642 as of June 30, 2009, showing a net reduction of 4,947 employees.

A company spokesperson confirmed the staff decline but added that TCS's attrition levels were in line with the industry average. "Our attrition level has remained similar to what it was in the previous quarter. However, since we have controlled gross additions, the overall headcount has come down," said a TCS spokesperson.

TCS Hiring and Attrition NQT Ninja Digital Registration Syllabus Practice Question
TCS Hiring and Attrition

Regarding the 24885 fresh campus recruitments, TCS confirmed they would honor their promises made to the candidates and would start to give joining from July-September. Lateral hiring would however slow down, but continue however.

But the rumors doing the round whether the employees left on their own or were asked to leave, which I believe TCS would never do because they really value the interests of all their employees. Maybe they were low performers? Or as the TCS spokesperson pointed out, the attrition rate has stayed the same, but only because they have controlled gross additions, the headcount has come down.

Author: Rahul Bhattacharya

Rahul is a journalist with expertise in researching a variety of topics and writing engaging contents. He is also a data analyst and an expert in visualizing business scenarios using data science. Rahul is skilled in a number of programming languages and data analysis tools. When he is not busy writing, Rahul can be found somewhere in the Appalachian trails or in an ethnic restaurant in Chicago.

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